DrStool Posted December 16, 2002 Report Share Posted December 16, 2002 904 is a key level. If they hold that, there will be another shot up to 910+. If they fail, it's a beautiful whopsaw and we can all just relax. Link to comment Share on other sites More sharing options...
roidrage Posted December 16, 2002 Report Share Posted December 16, 2002 Maybe the "With Mainstreet on the Sidelines, Market Rally Stalls" article in the WSJ fired up the bull boys. All they have to do is ramp and convince the "retired marketing executives" and the "family practice dentists" to cough up the dough they claim they've been stashing. rr Link to comment Share on other sites More sharing options...
PileDriver Posted December 16, 2002 Report Share Posted December 16, 2002 like Doc I don't belief in nor trade based on "forecasts" alone, but I found this amuzing given its triple Scam Week http://www.crystalball-forum.com/merlin/index.html So far, so good. Remember the saying "Friends don't let other friends trade during Op Ex week" ? Link to comment Share on other sites More sharing options...
K Wave Rider Posted December 16, 2002 Report Share Posted December 16, 2002 UNH setting up again..This next move down could be large. Also many other recent "leaders" on the verge of breakdown. APOL, COCO, EXPE, IGT, AZO. This rally should be short lived, short 'em on the bounces. Link to comment Share on other sites More sharing options...
sniff Posted December 16, 2002 Report Share Posted December 16, 2002 I would define the compx 5min. chart as parabolic ( unsubstainable) with it's sharply rising wedge. Is it looking toppy? 1391 a res. line........ This short term stuff mostly for entertainment and scalpers...... imo Link to comment Share on other sites More sharing options...
Rockhead Posted December 16, 2002 Report Share Posted December 16, 2002 NYSE Note the flat lining TRIN and TICK just barely above zero. If TICK goes negative and TRIN starts rising smartly....time to get short. Just my opinion. Link to comment Share on other sites More sharing options...
ShamPoo Posted December 16, 2002 Report Share Posted December 16, 2002 "slope of the subsequent down phase" Come on subsequent... Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2002 Report Share Posted December 16, 2002 For you new stoolies, KWR speaks rarely, softly, and carries a big shtick! So pay attention. :wink2: Link to comment Share on other sites More sharing options...
Guest Posted December 16, 2002 Report Share Posted December 16, 2002 AG - FeedFool was on vacation for awhile. He's back. Link to comment Share on other sites More sharing options...
Guest Posted December 16, 2002 Report Share Posted December 16, 2002 CBOE P/C Equity 0.97 Index 1.00 Overall 0.98 Wow, a cross-over and a triple kiss. This bullishness has to stop - this ain't no ice skate'n contest. Link to comment Share on other sites More sharing options...
Drano Posted December 16, 2002 Report Share Posted December 16, 2002 Wow, that p/c chart makes my eyes cross. And of course I'm already cross when the market acts like this. Link to comment Share on other sites More sharing options...
Guest Posted December 16, 2002 Report Share Posted December 16, 2002 starwars.com Link to comment Share on other sites More sharing options...
Bearman Posted December 16, 2002 Report Share Posted December 16, 2002 I say to myself self when all this chop grab the stops crap is over. The decline will be Breathless Not many will be on board. The bigger they are the harder they fall Link to comment Share on other sites More sharing options...
Guest Posted December 16, 2002 Report Share Posted December 16, 2002 Folks, don't get spooked by the high put/call ratios. They are bullish only in the very short term (1-3 days). Longer term, they will result in an upturn of the 21-dma of the $CPC, which is bearish. Remember the chart I posted a couple of weeks ago? In fact, the 21-dma of the $CPC made a low on December 2, which low remained in force for more than 10 trading days. According to Larry McMillian, this is a Sell signal; we got it on Friday. Regards, Vesselin Link to comment Share on other sites More sharing options...
richmtn Posted December 16, 2002 Report Share Posted December 16, 2002 UNH setting up again..This next move down could be large. Also many other recent "leaders" on the verge of breakdown. APOL, COCO, EXPE, IGT, AZO. This rally should be short lived, short 'em on the bounces. K Wave comes up for air. :grin: :grin: :grin: Link to comment Share on other sites More sharing options...
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